A banker that is german component of a new trend of high-dollar gambling thefts
It’s absolutely nothing new to hear about individuals money that is stealing purchase to spend it on gambling. Nevertheless, it’s rare that the theft ever gets this big. A 39-year-old German bank worker was accused of stealing over €8 million ($10.6 million) from customers, which then he spent at casinos on the course of several years.
Stole Undetected for Years from Customers
According to the fees, the person works in Buxtehude, a Northern Germany town that is clearly a suburb of Hamburg. No fewer than 156 times over the course of more than three years spanning between 2007 and 2010 the man stole money from customers’ accounts. He also directly took money which had been provided to him by customers to invest. Based on prosecutors talking in Stade District Court, the man even faked customer signatures on several occasions so as to get access with their money.
The amounts stolen varied greatly from customer to client. At some times, he stole only a couple of hundred euros; in the most dramatic cases, a few hundred thousand euros were taken away from accounts at the same time.
As a whole, €8.4 million ($11.1 million) was applied for of client accounts on the years. That cash was then largely spent at a casino that is local Hamburg.
According to prosecutors, the unnamed man had already repaid €4.5 million ($6 million) (more…)